SpinTrades

SpinTrades

Finding a lot of wedges recently. Retail has been strong recently, this can make a nice swing for a break to the upside of this wedge.

SpinTrades

Swing idea, nice consolidation on the weekly, looking for a breakout above this level based on price action, also above fib and VPOC.

SpinTrades

Liking this for a breakout and pre earnings run up. Retail names look strong as well. Earnings next week 2/22.

SpinTrades

Bearish rising wedge pattern on declining volume. Under the VPOC could see a fall to the 234.00 area.

SpinTrades

Bearish rising wedge on declining volume, good for a drop down to the 258-260 area.

SpinTrades

Consolidation pattern following a strong up trend. Hammer on the daily breaking outside of consolidation is a strong bullish indicator here that consolidation will break to the upside.

SpinTrades

This has been beat up from earnings and looks ready to reverse based on the daily hammer candle and close over the 100 daily moving average, just formed due to the recent history of the stock, see the orange line. Interestingly this also looks ready to reclaim the upward channel from October and November of last year. Entry provided over 61.8% fib from all time...

SpinTrades

Longer term idea, shown here on the monthly. Rounding bottom looks like lows are in.

SpinTrades

Long swing play. Shown here on the weekly is a bullish falling wedge. Has seen quite the sell off perhaps in a 'sell the news' event following vaccine frenzy. But Pfizer isn't going anywhere.

SpinTrades

Gap above, needs to put in a base after earnings reaction, likely to reject gap before starting to fill.

SpinTrades

May finally be ready to move up, over this psych level could see a nice move.

SpinTrades

This has been a frustrating name to trade but I can't ignore the setup here. NVDA earnings this week could impact this either way.

SpinTrades

Beautiful wedge forming here, my guess is that it takes a day or two for price to close right around this level, and then a big break over. Of course this could bust through with conviction on high volume in one day, but more likely that it takes a day or two to set up. Can use the opportunity to position with long dated calls or shares, I think there’s a high...

SpinTrades

Symmetrical triangle forming on declining volume showing consolidation. This has some work to do to break and hold the VPOC (red line) and recent highs. But a strong mover when it goes, solar looks set up, and this could run up into earnings on 2/25

SpinTrades

Something tells me after MJ squeezes at the hands of the reddit masses, magic mushroom stocks will be next. This one has a nice setup leading into earnings, and recent history has shown how it can rip out of consolidation. Looking for a solid breakout over 48.00.

SpinTrades

LULU fell out of a larger symmetrical triangle and has since rebounded from the lows and consolidated in a much smaller symmetrical triangle shown here. Entry over price action and key fibs, fibs and trendline will act as resistance above.

SpinTrades

The sharp pullback after earnings may be in. Having built a small base it looks ready to make a move back to recent highs. Thin volume area above that it can move quickly through.

SpinTrades

Great confluence on different fib levels, trend based fib extension above should serve as a target for the next leg up.